UiPath, the company with the mission to deliver a robot for every person, has grown valuation from $110 million to $7 billion, in 24 months

In 24 months, RPA and AI leader has grown ARR from $8 million to over $200 million, and valuation from $110 million to $7 billion.

The leading robotic process automation (RPA) software company, UiPath, is blazing a path to an “automation first” era, closing its Series D investment round raising $568 million at a post-money valuation of $7 billion. At this $7 valuation, UiPath is one of the fastest growing and highest-valued AI enterprise software companies worldwide, according to the press release.

‘These exponential growth rates are unprecedented in the enterprise software market and would be the envy of virtually any company in any industry.”, Bobby Patrick said, the CMO of UIPath.

UiPath closed its Series A funding in April 2017, and since then has expanded on its most important milestones:

. Cultivated the world’s largest Community in RPA, now exceeding 400,000 users worldwide across 200 countries;
. Expanded its worldwide customer base to eight of the top 10 Fortune Global 500, and over 50 percent of the top 50 Fortune Global 500;
. Delivered six releases of the UiPath Enterprise RPA platform with defense grade security, launched UiPath Go!, integrated AI by adding new capabilities like AI Computer Vision, and created an open and extensible architecture that has made UiPath the platform of choice for third-party RPA and AI development;
. Increased annual recurring revenue (ARR) from $8 million to over $200 million; and
. Grew its employee base to over 2,500, a 16x increase during the period.

Daniel Dines, UiPath Co-founder and CEO, said:

„We are at the tipping point. Business leaders everywhere are augmenting their workforces with software robots, rapidly accelerating the digital transformation of their entire business and freeing employees to spend time on more impactful work. UiPath is leading this workforce revolution, driven by our core determination to democratize RPA and deliver on our vision of a robot helping every person. I am humbled by the amazing support our customers, partners and investors give us every day, inspiring us to work harder to evolve RPA as the platform that not only unlocks the true potential of AI, but also other emerging technologies. We are just getting started.”

How did UiPath get to where it is today so quickly? Dines explaines in the video below:

Recent customer additions include Duracell, Google, McDonalds,  Orange™, Ricoh Company,  Uber and US Navy, to name just a few of the new clients.

Supporting Quotes

“UiPath is improving business performance, efficiency and operation in a way we’ve never seen before,” said Philippe Laffont, founder of Coatue Management. “The Company’s rapid growth over the last two years is a testament to the fact that UiPath is transforming how companies manage their resources. RPA presents an enormous opportunity for companies around the world who are embracing artificial intelligence, driving a new era of productivity, efficiency and workplace satisfaction.”

“UiPath is enabling the critical capabilities necessary to advance how companies perform and how employees better spend their time,” said Greg Dunham, vice president at T. Rowe Price Associates, Inc. “The industry has achieved rapid growth in such a short time, with UiPath at the head of it, largely due to the fact that RPA is becoming recognized as the paradigm shift needed to drive digital transformation through virtually every single industry in the world.”